#1Investor presentation, November 2021 Becoming the global leader in sustainable cargo flow CARGOTEC#2Disclaimer Although forward-looking statements contained in this presentation are based upon what management of the company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. These statements are not guarantees of future performance and undue reliance should not be placed on them. The company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. All the discussion topics presented during the session and in the attached material are still in the planning phase. The final impact on the personnel, for example on the duties of the existing employees, will be specified only after the legal requirements of each affected function/ country have been fulfilled in full, including possible informing and/or negotiation obligations in each function/country. Securities laws in the United States and in other jurisdictions restrict Cargotec from discussing or disclosing information with respect to the contemplated merger with Konecranes Plc that furthermore and in all circumstances is subject to approvals of competition authorities. Information regarding the contemplated merger can be found at www.sustainablematerialflow.com. Until the completion of the merger Cargotec and Konecranes will carry out their respective businesses as separate and independent companies. The information contained in this presentation concerns only Cargotec. The merger and the merger consideration securities have not been and will not be registered under the U.S. Securities Act, and may not be offered, sold or delivered within or into the United States, except pursuant to an applicable exemption of, or in a transaction not subject to, the U.S. Securities Act. CARGOTEC Investor presentation November 2021 2#3Merger with Konecranes On 1 October 2020, Cargotec and Konecranes announced that their respective Boards of Directors have signed a combination agreement and a merger plan to combine the two companies through a merger. Read more on the merger website www.sustainablematerialflow.com CARGOTEC#4AUTOMATION DISTRUBUTION CENTE GLOBAL LEADER IN SUSTAINABLE CARGO FLOW KALMAR oo co MACGREGOR 10% ELECTRIFICATION MEGATRENDS GLOBAL GROWTH AND ECONOMIC DEVELOPMENT SUSTAINABILITY DIGITALISATION SERVICES HIAB DATA & ROBOTICS -oo- 00 SERVICE CARGOTEC#5Content 1. Cargotec in brief 2. Investment highlights 3. Kalmar 4. Hiab 5. 6. MacGregor Recent progress 7. Appendix CARGOTEC Investor presentation#6Cargotec in brief CARGOTEC BOLTM'S#7Strong global player with well-balanced business Sales: EUR 3,263 million EBIT: 6.9% Kalmar Sales: EUR 1,529 million Sales split: new equipment vs service and software Service and software 36% Sales by business area MacGregor 20% Sales by geographical area Kalmar 47% AMER 29% EMEA 49% EBIT: 8.2% (EUR 126 million) Hiab Sales: EUR 1,094 million EBIT: 11.8% (EUR 129 million) MacGregor Sales: EUR 642 million EBIT: 1.0% (EUR 7 million) Strengths we are building upon Leading market positions in all segments CARGOTEC New equipment 64% Hiab 33% APAC 22% Strong brands Loyal customers Leading in technology Figures: 2020 Investor presentation EBIT Comparable operating profit November 2021 7#8Key competitors Cargotec is a leading player in all of its business areas KALMAR HIAB Global main competitors Other ZPMC KONECRANES Lifting Businesses" HY HYSTER-YALE LIEBHERR SANY competitors ABB TERBERG BENSCHOP CARGOTEC PALFINGER MACGREGOR KONGSBERG NOV NAVALIMPIANTI GROUP MITSUBISHI HEAVY INDUSTRIES, LTD. kühz M MITSUI E&S CAPACITY REV GROUP RAM SPREADERS FASSI HYVA HMF TERBERG KINGLIFTER Manufacturer of truck mounted forklifts Huisman SEC SHIP'S EQUIPMENT CENTRE GRONINGEN B.V. PALFINGER GERMAN LASHING SMS KOREA LIEBHERR IHI Investor presentation November 2021 8#9Currently two businesses performing well Net sales Q3/2021, LTM* EUR million ** -300 ~600 3,278 Trend in orders, LTM Profitability: comparable EBIT margin, LTM ~1,200 Kalmar Automation and Projects division & Navis* *** -> Low profitability MacGregor Hiab Kalmar mobile equipment & service Hiab ~1,100 CARGOTEC Kalmar APD and software MacGregor Kalmar mobile equipment and service (excluding Automation and Projects Division & Navis) +33% +113% 7 2.5% 13.9% Low double digit * LTM Last 12 months ** Figures rounded to closest 100 million ***Consolidation of Navisl ended in Q3/21 after divestment of the business Investor presentation 9#10Investment highlights CARGOTEC A 10#11Investment highlights: Why invest in Cargotec? 1. Technology leader and strong market positions, leading brands in markets with long term growth potential 2. Our vision is to become the global leader in sustainable cargo flow 3. Growing service & software business and asset-light business model are increasing stability 4. Capitalising global opportunities for electrification and automation growth 5. On track for profitability improvement and to reach financial targets CARGOTEC Investor presentation SKALMAR 111#121. Technology leader and strong market positions, leading brands in markets with long term growth potential Global megatrends Growth drivers ☐ Global growth ☐ Container throughput growth ☐ and economic development Sustainability Digitalisation Market position Competitive advantages Strong brands ☐ Construction activity ☐ Automation Digitalisation Full automation offering Technology leadership ☐ #1 or #2 in all major segments Investor presentation November 2021 12#132. Our vision is to become the global leader in sustainable cargo flow PURPOSE VISION BREAKTHROUGH OBJECTIVES CONCRETE TARGET CARGOTEC SMARTER CARGO FLOW FOR A BETTER EVERYDAY Global Leader in Sustainable Cargo Flow Sustainability Profitable Growth Reduce 1 million tonnes of CO2 equivalent by 2024 WHERE TO WIN Grow in core and adjacent businesses & markets Solve customer challenges in climate change and sustainability Invest in industry innovation and transformation Expand lifecycle services HOW WE MEASURE Financial performance Absolute CO2 reduction Share of sales of eco-offering Leadership index Customer satisfaction scores Investor presentation November 2021 13#143. Growing service & software business and asset-light business model are increasing stability Service and software* sales MEUR 1,400 -5% +8% +1% 1230 +3% +4% 1171 1178 +0% 1127 1,200 +10% 1090 1052 1053 168 +9% 130 166 955 147 1,000 152 873 121 148 108 800 107 600 1,062 980 1,005 1,049 931 905 938 400 847 766 200 Asset-light business model with a flexible cost structure Kalmar and Hiab: efficient assembly operation MacGregor: efficient project management and engineering office: > 90% of manufacturing and 30% of design and engineering capacity outsourced No in-house component manufacturing Next steps to increase service and software sales: Improve service offering through digital solutions Increase spare parts capture rates 0 2013 2014 2015 2016 2017 2018 2019 2020 Q3/21 LTM Boost service contract attachment rates Software Services CARGOTEC * Software sales include automation software and, until 1 July 2021, the strategic business unit Navis Investor presentation November 2021 14#154. Capitalising global opportunities for electrification Industry trends support growth in electrification: End-customer demand for E2E sustainability in the logistic chain Lower operating costs lead to lower total cost of ownership Environmental regulation/investments support low-emission technologies Safety - electric vehicles create less noise and vibration during operation Urbanisation promotes quiet and low-emission load handling solutions Increasing capital market incentives to ESG-focused companies Electrification often precedes automation and/or robotisation Air quality considerations more than 90% of European ports are in or close to urban areas* CARGOTEC Our competitive position in electrification: Pioneer with market leading solutions Innovative & modular charging solutions complement electric machines Lifetime support & training for fully electric systems Fully electric Kalmar offering available by the end of 2021 Complete electric Hiab MOFFETT offering available from 2023 Electrification creates significant cost and emission savings Kalmar electric medium forklift** Fuel/electricity costs 83% less annual costs ~3 years ROI GHG emissions 97% less operational emissions HIAB MOFFETT E-SERIES NX*** Emissions ROI 75% CO2 reduction 4 years Operating costs 80% reduction ** Example case: Swedish customer, comparing an electric medium forklift Customers consider their investments against a comparable ICE forklift, both with a 5-year lease solution carefully Higher initial investment Infrastructure limitations around charging Limited in-house knowledge of high voltage systems among customers *MOFFETT e-Series (electric) compared against MOFFETT M-series (diesel) * Source: ESPO environmental report 2020 Investor presentation November 2021 15#164. Capitalising global opportunities for future automation growth Industry trends support growth in port automation: ☐ Only 40 terminals (out of 1,200 terminals) are automated or semi-automated currently globally Ships are becoming bigger and the peak loads have become an issue Increasing focus on safety Customers require decreasing energy usage and zero emission ports Optimum efficiency, space utilization and reduction of costs are increasingly important Shortage and cost of trained and skilled labour pushes terminals to automation CARGOTEC Customers consider their automation decisions carefully " Shipping line consolidation Utilisation rates of the existing equipment base Container throughput volumes Efficiency of the automation solutions Automation creates significant cost savings* Labour costs 60% less labour costs Total costs 24% less costs Profit increase 125% 984 * Change when manual terminal converted into an automated operation Investor presentation November 2021 16#175. Clear plan for profitability improvement and to reach financial targets Growth Target to grow faster than market Megatrends and strong market position supporting organic growth M&A potential Profitability Target 10% operating profit and 15% ROCE in 3-5 years* Sales and comparable operating profit development Service and software Targeting service and software sales 40% of net sales, minimum EUR 1.5 billion in 3-5 years* CARGOTEC 4,500 6.2% Higher service and software sales key driver for profitability 7.2% 400 7.1% 4.4% 4,000 3,729 8.0% 7.3% 3,683 6.9% 3,514 7.8% 3,358 improvement 3,500 3,250 3,304 3,263 3,278 300 3,000 2,500 259 264 Balance sheet and dividend 250 256 242 231 200 227 2,000 Target gearing < 50% and increasing dividend in the range of 1,500 149 100 30-50% of EPS, dividend paid 1,000 twice a year 500 0 0 2014 2015 2016 2017 2018 2019 2020 Q3/21 Net sales Comparable operating profit O Comparable operating profit margin LTM Investor presentation November 2021 17#18Kalmar 04 CARGOTEC#19Kalmar is in unique position to benefit from the growth prospects in electrification and port automation Kalmar offers cargo handling equipment and automated terminal solutions, software and services used in ports, terminals, distribution centres and various industries. Development of historical financials MEUR 200 150 20.0% 15.0% 100 7.8% 8.3% 8.0% 8.9% 9.4% 8.2% 7.6% 10.0% Number of personnel 5,526 Sales MEUR 1,529 4.1% 3.8% 50 50 5.0% 64 57 130 135 133 144 162 126 114 0 0.0% 2013 2014 2015 2016 2017 Service and software sales Geographical sales split (% of sales) 2018 2019 2020 Q3/21 LTM Comparable EBIT** Comparable EBIT-%** 1,919 1,995 2,000 1,764 1,776 1,721 29% 34% 1,482 1,555 47% 1,430 1,500 1,663 1,700 1,723 1,401 1,550 1,598 1,618 1,487 1,529 1,493 KALMAR 60% 1,529 1,000 1,226 1,012 1,049 877 896 500 799 805 842 786 11% 19% EMEA APAC Americas • Service ⚫Software Equipment CARGOTEC 0 2013 2014 2015 Sales 2016 2017 Orders received 2018 2019 Order book 2020 Q3/21 LTM *2020 figures ** definition changed 2021, figures 2020 onwards according to the new definition Investor presentation November 2021 19#20Container throughput is estimated to continue to grow TEU million 997 969 1,000 939 Growth from 2013 to 2025 55% CAGR 3.7% 907 861 153 148 +2.9% 804 785 797 143 +3.1% 748 138 +3.6% 132 +5.2% 702 750 675 684 117 116 642 109 +5.2% -0.9% 117 +8.2% 248 +2.3% 242 +6.6% 235 98 101+2.6% 101 228 96 +5.1% +1.3% 215 208 202 204 195 500 185 182 182 173 541 561 579 596 514 250 467 479 476 444 395 401 416 373 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 AMER EMEA APAC CARGOTEC 2024 2025 2018-2024: Drewry: Container forecaster Q3 2021 2016-2017: Drewry: Container forecaster Q2 2019 2015 Drewry: Container forecaster Q2 2018 2013-2014 Drewry Global Container Terminal Operators Annual Report 2013 November 2021 Investor presentation 20#21Kalmar provides integrated port automation solutions Kalmar provides integrated port automation solutions including software, services and a wide range of cargo handling equipment Truck/Transfer area CARGOTEC t KALMAR Terminal Logistic System (TLS) Automated Horizontal Transportation Quay crane area Automatic stacking crane (ASC) area ASC stack area Equipment Equipment ### Investor presentation November 2021 21#22谷海 Electric Empty Container Handler | ECOefficient KALMA RINNEN R RINNEN wwwww SALLA www wwwwww www www Electric Reachstacker Electric Heavy Forklift Next Generation Electric Terminal Tractor 2021: Kalmar introduces a fully electric portfolio. CARGOTEC Investor presentation November 2021 22 KALOR GUTHAR T2#23Robotics as an opportunity AUTOMATED SOLUTION GEWAY ROBOTICS FUNCTIONALITY Digitalisation Autonomous Electrification KALMAR EQUIPMENT KBI MAR DB SENKER Investor presentation November 2021 23#24Towards new business models SSITEBOX 04-LEMEXA * Connected services Virtual capability Validated output High-speed commission De/Re commission Simultaneous engineering Optimised solution Faster return on capital Increased uptime Replacement upgrade A digital life of the customer Investor presentation November 2021 24#25Services provide our biggest medium-term growth opportunity Hapag-Lloyd Market share Equipment & Projects 20-30% Software Services 20-30% 3-5% Market size 6B€ CARGOTEC 0.5-1B€ 8B€ Investor presentation November 2021 25 25#26Hiab 11 100 CLX HIRB CARGOTEC 26#27Hiab is a global market leader in on-road load handling solutions Hiab's class-leading load handling offering includes loader cranes, forestry and recycling cranes, truck mounted forklifts, skiploaders and hooklifts, and tail lifts as well as intelligent services and smart and connected solutions. Hiab's customers come from a broad range of industries and segments. Number of personnel 3,390 Service sales (% of sales) Sales MEUR 1,094 Geographical sales split Development of historical financials MEUR 200 150 100 50 20.0% 14.5% 13.5% 13.9% 12.6% 11.7% 10.8% 11.8% 15.0% 7.3% 10.0% 2.9% 50 5.0% 24 61 101 140 157 134 170 129 168 0 0.0% 2013 2014 2015 2016 2017 2018 2019 2020 Q3/21 LTM Comparable EBIT** Comparable EBIT-%** 71% HIAB Service Equipment CARGOTEC 29% 37% 1,094 2,000 1,746 54% 1,500 1,259- 1,310 1,210 1,116 967 1,016 869 909 1,350 1,000 1,084 1,149 1,036 1,094 1,207 928 841 840 453 503 922 406 500 230 264 305 286 300 9% EMEA APAC Americas 0 2013 2014 2015 Sales 2016 2017 Orders received 2018 2019 Order book 2020 Q3/21 LTM Investor presentation November 2021 27 *2020 figures ** definition changed 2021, figures 2020 onwards according to the new definition#28Construction output driving growth opportunity EMEA construction output y/y change (%) 16.0% 12.0% 8.0% 4.0% 0.0% -4.0% -8.0% 2010 2011 2012 2013 2014 2015 2016 CARGOTEC Index 2017 2018 2019 2020 2021 2022 2023 2024 2025 Change-% AMER construction output y/y change (%) 140 16.0% 12.0% 120 8.0% 4.0% 100 0.0% 60 80 -4.0% -8.0% 80 140 120 100 2010 2011 2012 2013 2014 2015 Index 2016 2017 2018 Investor presentation Change % 2019 2020 2021 2022 Oxford Economics: Industry output forecast 9/2020 November 2021 28 2023 2024 2025#29Strong global market position: One global competitor, most are focused niche players MARKET SIZE* (EUR billion) KEY SEGMENTS HIAB GLOBAL POSITION & TREND KEY COMPETITORS LOADER CRANES ~1.5 Construction and Logistics #2 7 PALFINGER FASSI TAIL LIFTS ~0.9 Retail Industry and Logistics #3 -> MAXON® DHOLLANDIA DEMOUNTABLES ~0.6 Waste and Recycling, Defense #1 기 PALFINGER MEER KIPPER TRUCK MOUNTED FORKLIFTS ~0.3 Construction and Logistics 脚 #1 -> PALFINGER TERBERG KINGLIFTER FORESTRY & RECYCLING CRANES ~0.3 Timber, Pulp, #2 PALFINGER KESLA Paper & Recycling CARGOTEC Investor presentation November 2021 29 29#30Attractive megatrends and growth drivers MEGA TRENDS MARKET GROWTH KEY SEGMENTS PRODUCT OFFERING SERVICE SOLUTIONS ☐ ☐ ☐ Urbanisation and Consumption growth driving needs for efficiency Digitalisation and Connectivity enabling new business solutions North America and main European markets continue to grow Developing markets strong load handling equipment penetration potential Construction, Waste & Recycling, Logistics and Governmental business segments show continued growth projection New applications market and segment growth potential Developing for increasing demand in Electrification and Automation Growing demand for comprehensive life-cycle service offerings and tailored business solutions CARGOTEC Investor presentation November 2021 30#31Hiab's key growth drivers XR16S Cranes Gain market share in big loader cranes and crane core markets Tail lifts Enter fast growing emerging markets and standardise and globalise business model Truck-mounted forklifts Accelerate penetration in North America and Europe Services Increase spare parts capture rates driven by connectivity and e-commerce CARGOTEC Investor presentation November 2021 31#32Hiab acquires US demountable manufacturer Galfab • • • Announced on 21 August 2021 A premier designer and manufacturer of waste equipment Adds roll-off hoist, a cable lift, to Hiab's portfolio Acquisition enables growth in the US and waste segment market Acquisition is in line with our strategy to grow from core businesses Galfab's sales estimate for 2021 is USD ~30 million Galfab equipment will now be part of Hiab's sales and service network Synergies come predominantly from cross selling opportunities CARGOTEC Galfab Galfab Building on a Legacy Investor presentation November 2021 32#33MacGregor CARGOTEC#34MacGregor is a world-leading provider of intelligent maritime cargo and load handling solutions MacGregor offers engineering and lifetime service solutions for merchant cargo and passenger vessels; the offshore oil and gas and renewable energy sectors; fishing, research and marine-resource vessels; naval operations and logistics vessels, and ports and terminals. Number of personnel Service sales (% of sales) 1,987 Development of historical financials MEUR 100 0 10.0% 63 54 30 50 7.9% 5.0% 18 15 11 5.2% -2 -28 2:6% 2.3% 2.5% 0.0% 1.9% 1.0% Sales MEUR 642 -0.3% -50 -5.0% -4.6% -100 -10.0% 2013 2014 2015 2016 2017 2018 2019 2020 Geographical sales split Q3/21 LTM Comparable EBIT** Comparable EBIT-%** 61% MACGREGOR 39% ① • Service ⚫ Equipment CARGOTEC 11% 2,000 46% 1,500 1,131 980 642 883 1,000 633 587 530 549 481 480 1,210 500 1,011 828 546 521 580 630 511 599 794 1,034 1,139 778 571 538 611 642 580 0 EMEA APAC Americas 2013 2014 2015 2016 2017 2018 2019 2020 Q3/21 LTM Sales Orders received Order book *2020 figures Investor presentation November 2021 34 43% ** definition changed 2021, figures 2020 onwards according to the new definition#35We are an active leader in all maritime segments ~2/3 of sales ~1/3 of sales #1-2 Merchant Cargo Flow MARKET POSITION Marine People Flow Naval Logistics and Operations #1 #1 11 Container cargo " Ferry " Bulk cargo " Cruise " General cargo " Liquid cargo RoRo cargo Superyachts Naval & Military Supplies Logistics Naval & Military Operations Support Ship-to-ship Transfer Offshore Energy Oil & Gas Renewables #1 Marine Resources & Structures Research Fishery Aquaculture Mining #1-2 Lifecycle Services CARGOTEC VENUS MIHELMSEN Investor presentation November 2021 35#36~40.000 vessels equipped with MacGregor equipment monitored online with MacGregor Vessel Map SVALBARD 433 SWEDENT FAROE ISLANDS ATMA 5033 1465 RUSSIA CANADA GREENLAND ASIA 347 NORTH AMERICA KAZAKHSTAN MONGOLIA 455 302 343 PIERRE AND MIQUELON 130 TAJIKISTAN UNITED STATES CHINA BERMUDA 583 153 MYANMAR 8461 PINES GUAM SRILANKA Pacific Ocean 1145 1916 REPU SPAIN 3498 1676 SAUDI ARAB 3517 VERO MALI NIGER SUDAN ST HELENA, ASCENSION, AND T. CUNHA South tlantic Ocean CARGOTEC AFRICA SOMALIA SEYCHELLES MOZAMBIQUE 434 969 REUNION SOUTH AFRICA Indian Ocean 1215-LESTE KIRIBATI TUVALU 623 CALEDONIA AUSTRALIA OCEANIA EALAND FRENCH 46LYNESIA PITCAIRN GUYANA SOUTH AMERI 834 ARGENTINA 110 CAB 786 SOUTH GEORGI AND S SANDWI Investor presentation November 2021#37Merchant Ships and Offshore contracting outlook improving Long term contracting 2018 - 2027 Merchant ships > 2000 gt excl ofs and misc Long term contracting 2018 - 2027 Mobile offshore units 2,000 1,800 Historical avg 1,600 1,400 1,200 1,000 800 600 400- 200 0 Forecast Environmental regulation with accelerating energy efficiency requirement drives merchant ships contracting CARGOTEC Source: Clarkson Research, September 2021 450 Historical avg 400 350 300 250 200 150 100 50 50 0 Avg. 2010- 2020 Forecast Offshore wind drives contracting of dedicated offshore wind vessels, and also a wider range of other mobile offshore units. Investor presentation November 2021 37#38MacGregor's asset-light business model gives flexibility Sales & marketing Design & engineering Manufacturing Installation MacGregor MacGregor MacGregor MacGregor CARGOTEC Outsourced Outsourced Outsourced Cost-efficient scaling 90% of manufacturing outsourced 30% of design and engineering capacity outsourced Lifecycle support MacGregor Investor presentation November 2021 38#39Recent progress CARGOTEC 0:19/235#40Highlights of Q3 2021 - Robust demand continued while component availability limited sales Orders received increased by 33% Clear improvement across all businesses & product categories Sales increased by 6% Service sales increased in all businesses Share of eco portfolio 17% Comparable operating profit Increased by 4% . Kalmar -5 MEUR Hiab +10 MEUR MacGregor -1 MEUR 8.0% 8.0% 8.2% 7.9% 7.1% 70 62 62 70 52 52 65 99 CARGOTEC Q3/20 Q4/20 Q1/21 Comparable operating profit, % Q2/21 Q3/21 Comparable operating profit, MEUR November 2021 40#41Holiday season reflected in equipment running hours -4% -6% -8% -4% +4% Kalmar Mobile Equipment: Change in machine activity - Q3/21 vs. Q2/21 Hiab loader cranes: Change in machine activity - Q3/21 vs. Q2/21 CARGOTEC +0% +2% -3% -1% +1% November 2021 41#42Market environment - Strong growth in all demand drivers Global container for Kalmar Construction output² - Key driver for Hiab - throughput Key driver - United States Europe Long term contracting – Key driver for MacGregor Merchant ships³ Offshore mobile units4 1,745 401 862 721 723 797 676 678 FY +8% +7% Historical 1,505 average5 Historical average +7% +71% 878 +7% (+8% Q3 YTD 584 +10% 642 502 537 501 539 -1% 121 120 +211% +10% 392 1,221 61 67 0 0 2020 2021 2020 2021 2020 2021 2020 Strong growth 2021 2020 2021 ■ Growth in both US and in Europe 4) Source: Clarkson Research ■ Merchant ship market recovering driven by container vessels ■ Offshore market still at a low level continues 1) MTEU, Source: Drewry CARGOTEC 2) EUR billion, Source: Oxford Economics 3) > 2,000 dwt/gt (excl. ofs & misc), Source: Clarkson Research 6) Indicative 2010-2020 average ■ Rapid growth in offshore wind 5) Indicative 1996-2020 average 42#43Strong underlying demand continued in Kalmar and Hiab, MacGregor improving Orders received MEUR 1,276 1,115 169 962 963 985 161 +21 858 % 100 168 193 781 508 740 156 425 151 637 139 +45% 417 322 120 (y/y) 396 307 296 274 223 +29% 600 529 (y/y) 396 446 445 421 334 293 328 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 MacGregor Hiab Kalmar CARGOTEC Q3/21 November 2021 43#44High demand and longer delivery times expanded our order book Order book MEUR Order book by reporting segment, 30 September 2021 46% 2,606 2,696 20% 2,217 549 517 1,751 1,824 524 831 922 480 532 642 386 503 1,258 1,226 1,051 834 842 34% Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Kalmar Hiab MacGregor MacGregor Hiab CARGOTEC Kalmar November 2021 44#45Despite rigorous actions, global component shortages and transportation bottlenecks limited our sales Sales MEUR Comparable operating profit MEUR 100 80 873 80 853 822 777 168 730 156 137 158 119 60 60 62 295 316 309 254 40 287 40 364 411 324 382 377 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 MacGregor Hiab CARGOTEC Kalmar 20 20 70 52 70 70 65 55 0 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Cargotec* Kalmar Hiab MacGregor *) Including Corporate admin and support November 2021 45#46Good progress continued in service business Service and software* sales MEUR 306 305 282 290 278 44 37 38 36 13 . 265 299 284 271 229 262 244 254 268 264 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Service orders received Software sales Service orders received +18% Service sales +9% • Kalmar +9% Hiab +9% • MacGregor +7% Software sales decreased due to Navis disposal Service and software 34% of total sales Service sales *Software sales include automation software and, until 1 July 2021, the strategic business unit Navis CARGOTEC November 2021 46#47KALMAR KALMAR Kalmar Q3 - Weaker profitability due to global component shortages Strong orders received driven by increase in all product categories Sales increased by 3% Increase in Mobile Equipment and services • Automation & Projects stable Navis no longer consolidated Comparable operating profit decreased Additional costs due to supply chain challenges • Higher freight and component . costs Accelerated R&D investments CARGOTEC MEUR Q3/21 Q3/20 Change Orders received 421 328 28% Order book 1,226 834 47% Sales 377 364 3% Comparable operating profit 30 35 -14% Comparable operating profit margin 8.0% 9.6% -160bps SKALMBA November 2021 47#48Hiab Q3 - Excellent performance continued increased across all product categories and regions Orders received and order book MEUR Q3/21 Orders received 396 Order book 274 922 386 >100% Q3/20 Change 45% Sales 309 254 21% Comparable operating 42 32 33% Sales increased by 21% Service sales +9% Comparable operating profit increased Higher sales Component shortages have led to extended delivery times CARGOTEC profit Comparable operating profit margin 13.5% 12.4% 110bps November 2021 Galfab 48#49MacGregor Q3 - Positive operating profit, bottom reached in sales Orders received increased in merchant vessels, offshore vessels and services Sales decreased by 14% Service sales +7% Comparable operating profit decreased Lower sales offset by higher share of services & cost saving actions Productivity improvements ongoing 13 MEUR cost savings target for 2021 on track CARGOTEC MEUR Q3/21 Q3/20 Change Orders received 168 139 21% Order book 549 532 3% Sales 137 158 -14% Comparable operating profit 3 4 -37% Comparable operating profit margin 1.8% 2.5% -70bps November 2021 49#50Financials and outlook CARGOTEC OCT EXP Sales Promotion#51Key figures - Gain from sale of Navis business had significant impact on operating profit Q3/21 Q3/20 Change Q1-Q3/21 Q1-Q3/20 Change Orders received, MEUR 985 740 33% 3,377 2,158 57% Order book, MEUR 2,696 1,751 54% 2,696 1,751 54% Sales, MEUR 822 777 6% 2,405 2,391 1% Comparable operating profit, MEUR 65 62 4% 186 157 19% Comparable operating profit, % 7.9% 8.0% -10bps 7.7% 6.6% 120bps Items affecting comparability, MEUR 213 -16 >100% 160 -104 >100% Operating profit, MEUR 278 46 >100% 348 53 >100% Operating profit, % 33.8% 5.9% 2790bps 14.4% 2.2% 1220bps Net income, MEUR 220 27 >100% 255 1 >100% Earnings per share, EUR 3.40 0.41 >100% 3.95 0.03 >100% Earnings per share, EUR* 0.91 0.85 8% 2.00 0.92 >100% ROCE, %** 14.3% 2.8% 1150bps 14.3% 2.8% 1150bps CARGOTEC *) Excluding items affecting comparability and adjusted with related tax effect **) ROCE (return on capital employed), last 12 months November 2021 51#52Increasing volumes affected cash flow Cash flow from operations before financing items and taxes MEUR 81 208 23 23 4 196 74 51 45 13 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 CARGOTEC November 2021 52#53Strong financial position and balanced maturity profile Net debt & gearing Maturity profile, 30 September 2021 MEUR 80% 66% 59% 60% 70% 52% 52% 45% 47% 39% 175 31% 173 173 677 174 566 599 20% 508 163 302 8 Q3/20 Q4/20 Q1/21 Gearing-% excluding IFRS16 IFRS16 Lease liability* Q2/21 Q3/21 Gearing-% Net debt* excluding IFS 16 Lease *Cargotec adopted the IFRS 16 standard on 1 Jan 2019. CARGOTEC 250 175 151 199 125 0 2021 2022 2023 2024 2025 2026 Later November 2021 53#54Outlook for 2021 Cargotec estimates 2021 comparable operating profit to improve compared to 2020 (EUR 227* million) *The comparable operating profit has been specified from EUR 228 million to EUR 227 million. Additional information about the comparable operating profit definition is presented in the stock exchange release published on 29 March 2021. CARGOTEC November 2021 54#55Service sales growth on track towards our targets Service sales: MacGregor Kalmar EUR 1,005 million Service orders received 31% of total sales Service sales 437 MEUR, % 422 30% 29% Hiab Service orders received Service sales MEUR, % 332 27% 318 29% MEUR, % Service orders received 233 46% Service sales 250 39% 1,200 1,000 800 5% 11% 600 32% 39% 400 Maintenance 47% 200 Spare parts 0 CARGOTEC KALMAR 6% 10% 44% 14% 45% HIAB D 1% 2% 6% 8% 27% MACGREGOR Spare parts Maintenance Fleet management Upgrade projects 25% Spare parts Installations Maintenance Accessories Used equipment Spare parts Running supply Cargo Boost 56% Maintenance Projects RoRo conversions Figures: 2020 Investor presentation November 2021 55#56Dividend of 1.08 EUR in 2020 Calculated from EPS excl. items affecting comparability, payout ratio for 2020 is 78% 2.5 2.0 51% 1.5 50% 49% 36% 1.0 0.5 66% >100% 100% 86% 80% 60% 40% 20% 1.11 0.55 2.21 0.8 1.95 0.95 2.05 1.05 1.66 1.1 1.39 1.2 0.13 1.08 0.0 0% 2014 2015 2016 2017 2018 2019 2020 EPS (reported) Dividend Payout ratio CARGOTEC * 2017 EPS figure has been restated according to IFRS 15 Investor presentation November 2021#57Appendix 1. Largest shareholders and financials 2. Sustainability 3. Kalmar 4. Hiab 5. MacGregor CARGOTEC 57#58Largest shareholders 31 October 2021 % of % of shares shares % of votes 14,1% 1 Wipunen varainhallinta Oy 14.1 23.7 2 Mariatorp Oy 12.3 22.9 3 Pivosto Oy 10.7 22.2 4 KONE Foundation 3.0 5.5 12.3% LC 5 Ilmarinen Mutual Pension Insurance Company 2.1 0.9 59.9% CO 6 Varma Mutual Pension Insurance Company 1.8 0.8 7 The State Pension Fund 1.2 0.5 10.7% 8 Elo Mutual Pension Insurance Company 1.0 0.4 9 Herlin Heikki Juho Kustaa 0.6 0.3 3.0% 10 Sigrid Jusélius Foundation 0.5 0.2 Nominee registered and non-Finnish holders 28.08% ● Wipunen varainhallinta Oy ● KONE Foundation Mariatorp Oy Others Pivosto Oy Total number of shareholders 38,690 CARGOTEC Wipunen varainhallinta Oy is a company controlled by Ilkka Herlin, Mariatorp Oy a company controlled by Heikki Herlin and Pivosto Oy a company controlled by Ilona Herlin. Investor presentation November 2021 58#59Examples of our wide equipment offering KALMAR HIAB MACGREGOR Reachstacker Straddle carrier Loader crane Truck-mounted forklift Cranes Marine self-unloaders Terminal tractor Container handler Hooklift, Skiploader Taillift Hatch covers, container lashings Offshore load handling Forklift truck CARGOTEC Automatic stacking crane Recycling and forestry cranes Deck machinery Mooring systems Investor presentation November 2021 59#60Capex and R&D Capital expenditure MEUR Research and development MEUR 160 160 4.0% 140 140 3.5% 120 120 3.0% 100 100 2.5% 80 80 2.0% 60 60 1.5% 40 40 1.0% 20 20 0.5% 0 0 0.0% 2013 2014 2015 2016 2017 2018 2019** 2020*** 2013 2014 2015 2016 2017 2018 2019 2020 ● Depreciation* Customer financing Capex R&D expenditure % of sales Main capex investments: Kalmar innovation centre in Ljungby, Sweden Investments in multi-assembly units in Kalmar and Hiab Intangible assets, such as global systems to improve efficiency in operational activities and support functions CARGOTEC R&D investments focused on Themes supporting our climate targets such as digitalisation, electrification and automation Competitiveness and cost efficiency of products *) Including amortisations and impairments **) depreciation increased due to IFRS 16 implementation "") depreciation includes impairments worth EUR 16 of which EUR 16 has been booked as restructuring costs Investor presentation November 2021 60#61Well diversified geographical sales mix 34% 2019 MEUR 3,683 48% 18% EMEA APAC AMER CARGOTEC ↑ 29% Top-10 countries by customer location 22% 2020 MEUR 3,263 49% Rest of the world, 36% Norway, 3% Korea, 3% Sweden, 4% United States, 25% Germany, 7% China, 6% UK, 5% France, 5% Australia, 4% Netherlands, 5% Investor presentation November 2021 61#62Sales by geographical segment by business area 2020 34% 19% KALMAR 37% 47% EMEA APAC Americas CARGOTEC HIAB 11% 54% 9% • EMEA APAC Americas 43% MACGREGOR 46% EMEA APAC Americas Investor presentation November 2021 62#63Kalmar Hiab MacGregor Cargotec's R&D and assembly sites United S Mexico Venezuela Colombia Bolivia Brazil Greenland Finland Turkey Algeria Libya Egypt Saudi Arabia Mali Niger Suden Chad Nigeria Ethiopia DRC Kenya Tanzania Angola Kazakhstan Mongols Afghanistan Pakistan India China Indonesia Papua New Guinea EMEA Stargard Szczecinski, Poland Ljungby, Sweden Stockholm, Sweden Tampere, Finland Helsinki, Finland Bispgården, Swe Bologna, Italy Dundalk, Ireland Hudiksvall, Sweden Meppel, Netherlands Raisio, Finland Taranto, Italy Witney, UK Zaragoza, Spain Malmö, Sweden Averøy/Bodö Arendal, Norway Bergen auf Rugen & Bremen, Germany Gdansk, Poland Gothenburg, Sweden Hamburg, Germany Kaarina, Finland Kristiansand, Norway ✓ Rotterdam, Netherlands Zagreb, Croatia Örnsköldsvik, Sweden Argentina Namibia Madagascar Botswana South Africa Australie AMER Ottawa, Kansas Santo Antonio da Patrulha, Brazil Streetsboro, Ohio CARGOTEC Assembly R&D Head office APAC* Chennai, India Chungbuk, South Korea Ipoh, Malaysia Shanghai, China Singapore *In addition, Cargotec has presence in China through its joint ventures Investor presentation Seattle, Washington Busan, South Korea Haiphong, Vietnam Singapore November 2021 63#640 Comparable operating profit development Kalmar Hiab MacGregor 200 20.0% 200 20.0% 120 9.0% 150 15.0% 150 100 80 15.0% 60 7.5% 6.0% 4.5% 1.5% 20 10.0% 100 10.0% 100 0.0% 0 50 50 2013 2014 2015 2016 2017 2018 2019 2020 Q3/21 LTM Comparable EBIT** Comparable EBIT-%** CARGOTEC 5.0% 50 0.0% 0 2013 2014 2015 2016 2017 2018 2019 2020 Q3/21 LTM Comparable EBIT** Comparable EBIT-%** -20 5.0% -40 -60 0.0% -80 40 3.0% -1.5% -3.0% -4.5% -6.0% 2013 2014 2015 2016 2017 Comparable EBIT** Comparable EBIT-%** 2018 2019 2020 Q3/21 LTM ** defiinition changed 2021, figures 2020 onwards according to the new definition Investor presentation November 2021 64#65Sales and orders received development MEUR Kalmar 2,000 1,500 1,000 500 2013 2014 2015 2016 2017 2018 CARGOTEC 2019 2020 Q3/21 LTM 0 MEUR Hiab 2,000 1,500 1,000 500 2013 2014 2015 2016 2017 2018 2019 2020 Q3/21 LTM 0 MEUR MacGregor 2,000 1,500 1,000 500 Sales Orders received Order book Sales Orders received Order book Sales Orders received Order book 2013 2014 2015 2016 2017 2018 2019 2020 Q3/21 LTM Investor presentation November 2021 65#66Gross profit development MEUR 1,000 40.0% 750 26.2% 30.0% 24.0% 24.6% 23.7% 23.3% 22.3% 21.1% 18.3% 18.9% 500 20.0% 250 10.0% 583 634 787 840 852 814 873 728 764 0 0.0% 2013 2014 2015 2016 2017 2018 2019 2020 Q3/21 LTM Gross profit, MEUR Gross profit-% CARGOTEC Investor presentation November 2021 66#67Net working capital development MEUR 300 200 100 186 151 57 115 271 158 107 206 0 2014 2015 2016 2017 2018 2019 2020 Q3/21 CARGOTEC Investor presentation November 2021 67#68Strong cash flow MEUR Cash flow from operations before financing items and taxes 400 300 200 100 191 204 315 373 253 126 361 296 305 0 2013 2014 2015 2016 2017 2018 2019 2020 Q3/21 LTM CARGOTEC Investor presentation November 2021 68#69MEUR Sales Income statement Cost of goods sold Gross profit Q3 2021 CARGOTEC Gross profit, % Other operating income Selling and marketing expenses Research and development expenses Administration expenses Restructuring costs Other operating expenses Share of associated companies' and joint ventures' net income Operating profit Operating profit, % Financing income Financing expenses Income before taxes Income before taxes, % Note Q3/21 Q3/20 Q1-Q3/21 Q1-Q3/20 2020 5 822.1 776.6 2,404.8 -644.1 -602.0 -1,841.2 177.9 174.5 2,390.6 3,263.4 -1,863.1 -2,535.5 563.6 527.5 727.9 21.6% 22.5% 23.4% 22.1% 22.3% 251.7 13.3 -42.5 -44.6 281.4 -138.2 39.7 -148.0 -199.5 48.0 -21.1 -22.2 -78.4 -78.6 -107.9 -59.3 -56.8 -192.0 -176.2 -236.7 7 -4.2 -12.6 -20.6 -91.1 -131.0 -27.0 -8.0 -74.4 -25.1 -35.7 2.5 2.1 6.1 4.6 5.3 278.2 45.8 347.5 52.8 70.4 33.8% 5.9% 14.4% 2.2% 2.2% 1.0 0.2 2.2 2.4 2.8 -6.6 -7.7 -21.3 -25.3 -38.7 272.6 38.3 328.4 29.9 34.5 33.2% 4.9% 13.7% 1.3% 1.1% 9 -53.1 -11.7 -73.5 -28.5 -26.4 219.5 26.6 254.9 1.4 8.1 26.7% 3.4% 10.6% 0.1% 0.2% Income taxes Net income for the period Net income for the period, % Net income for the period attributable to: Equity holders of the parent 219.4 26.6 254.7 1.6 8.1 Non-controlling interest 0.1 0.0 0.2 -0.2 -0.1 Total 219.5 26.6 254.9 1.4 8.1 Earnings per share for profit attributable to the equity holders of the parent: Earnings per share, EUR 3.40 0.41 3.95 0.03 0.13 Diluted earnings per share, EUR 3.40 0.41 3.94 0.03 0.13 Investor presentation November 2021 69#70Balance sheet 30 September 2021 ASSETS, MEUR Non-current assets Goodwill Other intangible assets Note 30 Sep 2021 30 Sep 2020 31 Dec 2020 EQUITY AND LIABILITIES, MEUR Note 30 Sep 2021 30 Sep 2020 31 Dec 2020 Equity attributable to the equity holders of the parent Share capital 64.3 64.3 64.3 963.4 1,025.4 971.9 Share premium account 98.0 98.0 98.0 174.9 258.1 185.8 Translation differences -64.5 -102.7 -110.9 Property, plant and equipment 416.2 446.4 429.7 Fair value reserves -8.9 -5.3 4.4 Investments in associated companies and joint ventures Share investments 16 16 Loans receivable and other interest-bearing assets* 177 78.0 53.7 56.7 Reserve for invested non-restricted equity 54.0 57.4 57.4 37.9 38.4 37.5 Retained earnings 1,374.6 1,180.3 1,185.6 11 11.7 26.6 18.4 Total equity attributable to the equity holders of the parent 1,517.5 1,291.9 1,298.7 Deferred tax assets 132.4 125.5 123.6 Non-controlling interest 12 0.0 0.1 Total equity 2.6 1,520.1 2.3 1,294.2 2.7 1,301.4 Other non-interest-bearing assets 16.8 1,831.4 11.5 17.2 1,985.6 1,840.9 Non-current liabilities Derivative assets Total non-current assets Current assets Inventories Loans receivable and other interest-bearing assets* Income tax receivables Derivative assets Accounts receivable and other non-interest-bearing assets Cash and cash equivalents* Total current assets Assets held for sale Total assets CARGOTEC 737.7 704.2 579.7 Interest-bearing liabilities* Deferred tax liabilities Pension obligations Provisions 11 11 3.6 1.5 4.3 Derivative liabilities 28.3 27.8 25.4 Other non-interest-bearing liabilities 12 12 9.1 13.7 13.3 Total non-current liabilities 11 876.5 32.6 1,082.9 40.1 1,027.4 20.6 114.2 110.8 115.5 3.8 6.4 7.2 12 0.0 0.0 68.6 1,095.7 64.0 62.6 1,304.2 1,233.4 883.3 801.6 753.9 11 589.6 2,251.5 378.0 1,926.9 484.8 Current liabilities 1,861.4 Current portion of interest-bearing liabilities* 11 Other interest-bearing liabilities* 11 55 184.3 141.6 136.1 8.9 32.9 19.6 Provisions 95.3 99.0 105.9 17 17 185.7 Advances received 199.5 242.5 182.7 Income tax payables 61.3 19.0 21.7 4,082.9 3,912.4 3,888.0 Derivative liabilities 12 12.3 8.9 19.4 Accounts payable and other non-interest-bearing liabilities Total current liabilities 905.4 770.2 797.5 1,467.0 1,314.0 1,282.7 Liabilities directly associated with the assets held for sale 17 70.5 Total equity and liabilities 4,082.9 3,912.4 3,888.0 Investor presentation November 2021 70#71Cash flow statement Q3 2021 CARGOTEC MEUR Note Q3/21 Q3/20 Q1-Q3/21 Q1-Q3/20 2020 Net cash flow from operating activities Net income for the period 219.5 26.6 254.9 1.4 8.1 Depreciation, amortisation and impairment Financing items 8 27.4 33.4 86.6 108.2 144.0 5.6 7.5 19.1 22.8 35.9 Taxes 9 53.1 11.7 73.5 28.5 26.4 Change in net working capital -16.8 -2.9 -79.2 -88.0 56.4 Other adjustments -243.4 -2.2 -245.2 27.5 25.6 Cash flow from operations before financing items and taxes 45.3 74.1 109.6 100.5 296.4 Cash flow from financing items and taxes -20.4 -20.6 -74.3 -50.8 -56.4 Net cash flow from operating activities 25.0 53.5 35.3 49.7 240.0 Net cash flow from investing activities Acquisitions of businesses, net of cash acquired Disposals of businesses, net of cash sold Investments in associated companies and joint ventures 15 -2.4 -0.2 15 307.8 0.7 0.9 308.1 -11.8 -12.1 2.0 2.7 161 Cash flow from investing activities, other items Net cash flow from investing activities -1.9 -8.7 4.9 -11.3 -15.1 -11.8 296.7 -4.5 295.8 -24.9 -21.3 Net cash flow from financing activities Treasury shares acquired Repayments of lease liabilities Proceeds from long-term borrowings Repayments of long-term borrowings -3.4 -9.6 -11.0 -30.5 -100.0 0.0 Proceeds from short-term borrowings Repayments of short-term borrowings Profit distribution -2.5 17.6 -18.8 -70.2 -32.9 -44.1 249.5 249.5 -100.0 -198.6 -251.4 1.1 99.6 98.8 -30.8 -100.9 -106.9 0.0 -39.0 -69.8 -74.2 -77.8 Net cash flow from financing activities -131.0 -102.6 -233.4 -57.4 -131.8 Change in cash and cash equivalents 190.8 -53.6 97.7 -32.6 86.9 Cash and cash equivalents, and bank overdrafts at the beginning of period 391.5 Effect of exchange rate changes 5.0 429.0 -5.6 482.3 6.9 409.8 409.8 -7.5 -14.8 Cash and cash equivalents included in assets held for sale 17 -0.2 0.4 Cash and cash equivalents, and bank overdrafts at the end of period 587.0 369.8 587.0 369.8 482.3 Bank overdrafts at the end of period Cash and cash equivalents at the end of period 2.7 589.6 8.3 378.0 2.7 589.6 8.3 2.5 378.0 484.8 Investor presentation November 2021 71#72Sustainability as a driver for future growth Investor presentation November 2021 72#73We create value for all stakeholder by being a 1.5 degree company "We operate in an ethical and safe manner and develop our employees" Safety and well-being Employee engagement Diversity and inclusion Responsible sourcing PEOPLE AND SOCIETY SMARTER CARGO FLOW FOR A BETTER EVERYDAY CARGOTEC 9 ENVIRONMENT "We take responsibility for the environment thoughout our value chain" Greenhouse gas emissions Own operations Circular Economy Eco-efficient solutions GOVERNANCE "We promote good corporate governance and respect our shareholders" Compliant and transparent Climate risks and opportunities Business ethics Financial sustainability Investor presentation November 2021 73 33#74Climate solutions is our focus area in sustainability SUSTAINABLE DEVELOPMENT GOALS 9 INDUSTRY, INNOVATION 16 PEACE, JUSTICE AND STRONG INSTITUTIONS 13 CLIMATE ACTION 8 DECENT WORK AND ECONOMIC GROWTH 12 RESPONSIBLE CONSUMPTION AND PRODUCTION QO 17 PARTNERSHIPS FOR THE GOALS CARGOTEC *CO2 equivalents, based on an estimate on emission in 2019 and products' lifecycle emissions Investor presentation November 2021 74#75Our ambition, approved by The Science Based Targets initiative, is to reduce Cargotec's greenhouse gas emissions by 50% across all the three emission scopes by 2030, from 2019 base year. Cargotec's internal goal is to become carbon neutral in its own operations which goes beyond the required ambition level of the Science Based Targets initiative. 15 CARGOTEC KALMAR HIAB MACGREGOR SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION#76CARGOTEC IS COMMITTED TO THE 1.5 DEGREES CLIMATE GOAL Tons of CO₂e 6 000 000 5 000 000 VALUE CHAIN 2019 CARGOTEC 4 000 000 3 000 000 2 000 000 1 000 000 0 COVERS OUR SUPPLIERS AND CUSTOMERS. THE EMISSIONS ENCOMPASS MANUFACTURE OF PURCHASED GOODS AND THE USE OF SOLD PRODUCTS. 53 000 tons of CO₂e OWN OPERATIONS INTELLIGENT CARGO HANDLING IS THE SOLUTION... PRODUCT MANUFACTURING Product design to fit circular economy Lighter products with same functionality Alternative materials with lower climate impact PRODUCT USE-PHASE From diesel to electric products Automation and digitalisation to eliminate inefficiencies PARTNERSHIPS ACROSS THE VALUE CHAIN TO REACH THE GOAL ...TO CUTTING EMISSIONS IN OUR VALUE CHAIN BY 50% 1.5°C SCENARIO VALUE CHAIN 2030 OUR OWN OPERATIONS WILL BE CARBON NEUTRAL BY 2030 Investor presentation November 2021 76#77OTHER ELECTRIC COMPONENTS CARGOTEC'S CARBON FOOTPRINT 2019 SOURCING* scope 3 upstream 2,200,000 * CO₂e POWER TRAIN HYDRAULICS CARGOTEC STEEL STRUCTURES OWN OPERATIONS *ESTIMATED BASED ON SPEND Scope 1 & 2 50,000 1 CO₂e OTHER DIESEL ELECTRICITY HIAB MACGREGOR USE OF SOLD PRODUCTS scope 3 downstream 3,700,000 * CO₂e KALMAR Investor presentation November 2021 77#78Cargotec and SSAB pioneering to introduce fossil free steel in the cargo-handling industry SSAB is the first company to produce fossil-free steel • Cargotec is nominated as SSAB's preferred customer for fossil free steel in the cargo handling industry Steel components are the main contributors for CO2 footprint at Cargotec's scope 3 upstream emissions Decarbonising steel is a concrete step towards Cargotec's ambition of to reduce CO2 emissions in the whole value chain by 50% by 2030 Benefits of fossil free steel: • Significantly lower environmental impact • Tightening carbon emission regulations Growing customer requirements and increased demand for carbon neutral products CARGOTEC 011 43 73121 011#79INNSTE LIFETIME SAVINGS OF KALMAR'S ELECTRIC TERMINAL TRACTOR 179 -389 CARS OFF THE ROAD FOR A YEAR TONS CO₂ 79 Average conditions in Finland, Kalmar Ottawa T2#80Eco portfolio targets double sales growth compared traditional equipment INDUSTRIAL INJURY FREQUENCY RATE* ECO PORTFOLIO 80 MEUR 8.0 6,000 7.0 6.7 6.3 6.1 60 5.7 5,000 60 6.0 20 4,000 18 40 40 20 3.4 4.0 3,000 2,000 2.0 1,000 21 21 24 21 21 % 30 25 19 20 15 10 5 46 48 54 65 24 43 3,514 3,250 3,304 3,683 3,263 3,278 0 0.0 0 0 2016 2017 2018 2019 2020 Q3/21 LTM 2016 2017 2018 2019 2020 Q3/21 LTM Number of lost time injuries *Cargotec assembly sites ** Number of injuries per million worked hours Cargotec IIFR** Total sales Eco portfolio, % of sales CARGOTEC Investor presentation November 2021 80#81ALMAR KALMA MOL Sea Freight Transport is by far the most sustainable transport mode in terms of emissions Compared to transportation of goods by trains, sea freight emits ~2-3 times less emissions CARGOTEC ➡by trucks, sea freight emits ~3-4 times less emissions by air cargo, sea freight emits ~14 times less emissions Investor presentation November 2021 81#82Kalmar appendix CARGOTEC Investor presentation November 2021 82#83Cargotec to sell Navis software business In February 2020, Cargotec started the review alternative development paths of Navis business to secure best possible growth and value creation for the next development phase for Navis On 26 March 2021, Cargotec announced the sale of Navis to technology investment firm Accel-KKR for an EV of EUR 380 million = 3.6 x sales As of 1 July 2021, Navis results are no longer consolidated into Cargotec financials Approximately EUR 230 million positive impact on Cargotec's operating profit in 2021 Cargotec's investment since 2011 has enabled Navis to become the market leader in terminal operating systems (TOS), and more than doubled revenue to MEUR 107 Cargotec's other software business will not be sold CARGOTEC Investor presentation November 2021 83#84The current replacement market size for key terminal equipment is EUR 1 billion annually and the market is expected to double in the next decade Total Capacity MTEU 1.400 1 200 1.000 800 600 400 200 e1995 e1996 e1997 e1998 e1999 e2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 f2019 f2020 f2021 f2022 f2023 The replacement market will grow in coming years, as the container terminal capacity has expanded significantly during the last two decades. Average lifetime of type of equipment: STS-25 yrs RTG -15 yrs SC-8-10 yrs Replacement after lifetime of equipment CARGOTEC RS/ECH/TT-8 yrs Source: Drewry reports: Global Container Terminal Operators 2001-2016 Note: 1995-2000 capacity is estimation based on the assumption that the utilisation rate has been between 70-72% in that period. 2019-2023 forecast based on Drewry's Global container terminal operators report, published in Q4/2019 Investor presentation November 2021 84#85Global container terminal operators - Most capacity expected to be added by Cosco Global/international terminal operators' capacity development, 2018-2023 (MTEU) China Cosco Shipping * PSA International Hutchison Ports APM Terminals DP World Terminal Investment Limited China Merchants Ports CMA CGM ** ONE *** NYK # MOL # K Line # Eurogate SSA Marine ICTSI Evergreen Hyundai HHLA Yildirim/Yilport Bollore Ports Yang Ming SAAM Puertos CARGOTEC 0,0 20,0 40,0 60,0 80,0 100,0 120,0 140,0 2018 2023 160,0 Source: Drewry Maritime Research * Cosco figure includes OOCL terminals CMA CGM includes APL terminals ***International terminals of NYK, K Line and MOL are due to be combined as part of ONE merger # Japanese terminals only from 2019 onwards Hutchison figure includes HPH Trust terminals TIL figure does not include MSC/affiliated companies Figures include total capacity for all terminals in which shareholding held (regardless of size of shareholding) Figures do not include capacity related to stevedoring operations at common user terminals and also exclude barge/river terminals Figures based on confirmed expansion plans only Some double counting occurs where joint ownership/management structures exist Figures for each operator do not include capacity of other operators in which stakes are held Investor presentation November 2021 85#861,400 Global container throughput and capacity development 1,200 1,000 800 600 400 200 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Throughput, MTEU CARGOTEC Sources: Throughput: Drewry container forecaster Q3/21 Capacity: Drewry Annual Global container terminal review 2020 2012 Capacity, MTEU 2013 2014 2015 2016 2017 Utilisation rate 2018 2019 f2020 f2021 f2022 f2023 f2024 Investor presentation November 2021 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 86#8760% of global container throughput is expected to take place in APAC in 2022 AMER 138 mteu (15% of total) EMEA 228 mteu (25% of total) Source: Drewry container forecaster Q3 2021 CARGOTEC APAC 541 mteu (60% of total) Global container throughput expected to increase 5.2% in 2022 (from 2021) APAC 5.2% (27 mteu) EMEA 5.8% (13 mteu) AMER 4.0% (5 mteu) → Drewry states that supercharged transportation costs stand out as a downside risk in their scenario. Investor presentation November 2021 87#88Three alliances controlling about 80% of global container fleet capacity Shipping line Maersk MSC CMA CGM China Shipping MÆRSK CMA CGM | 中国海运 CHINA SHIPPING Alliance/ Vessel sharing agreement (VSA) P3 (denied) 2M April 2017 2M UASG NYK OOCL (acquisition ongoing) Hapag-Lloyd APL MOL Hyundai Ocean Three China Shipping/UASC UASC NYKLINE OOCL Grand Alliance Hapag-Lloyd APL MOL Gosco China Cosco Shipping K-Line Yang Ming Ocean Network Express Ha Evergreen Hamburg Sud Total: 17 (9 after further consolidations) HMM の Koco cosco 中国远洋海运集团有限公司 | CHINA COSCO SHIPPING CORPORATION UNITED K "K"LINE AMERICA, INC. MYANG MING YANG MING MARINE TRANSPORT CORP OCEAN NETWORK EXPRESS HANJIN SHIPPING HAMBURG SÜD CARGOTEC Ocean Alliance G6 Alliance New World Alliance CKYH Alliance CKYH Alliance The Alliance Independent The arrows indicate changes, confirmed or planned, through M&A or JV over the last 18 months. Hanjin bankrupt. Hyundai isn't currently officially part of any alliance, but formed a cooperative relationship with 2M. Ocean Network Express (ONE) launch April 2018. COSCO Shipping's planned acquisition of OOCL expected to completed by the end of June Analyse excludes Zim, PIL and Wan Hai Investor presentation Sources: Drewry, Alphaliner, Cargotec November 2021 88#89Ship sizes increasing dramatically The largest containership in the fleet has nearly tripled since 2000 TEU 20,000 18,000 16,000 14,000 ■ The average size of new builds doubles between 2009 and 2014 12,000 10,000 8,000 6,000 4,000 2,000 CARGOTEC 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Largest container ship in world fleet Average newbuilding delivered in year Investor presentation Source: Drewry November 2015 November 2021 89#90Hiab appendix CARGOTEC Investor presentation 90#91Construction output forecast Annual Construction Output 4500 7% 8% 4000 6% 4% 3500 4% 4% 3% 4% 3% 3% 3% 3000 2% 2500 2000 0% 1500 -2% 1000 -5% -4% 500 0 -6% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 UK EE ISAM DACH NE INAM MED MEA BENELUX APAC -- YoY change Percentage point change vs last forecast Year-on-year changes 2018 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 APAC 0.0 % 0.0 % 0.0 % 0.6% 0.6% 0.8 % 3.1 % -2.7% 7.2% 5.9 % 4.7 % BENELUX 0.0 % 0.3% 0.3% 0.0 % -0.3% -0.5 % 4.7% -2.4 % 4.9 % 1.9 % 1.8% DACH 0.1% -2.2% -2.3% -3.7 % -3.9 % -3.9 % 0.4% 1.0 % 0.2% 2.1% 1.1% EE 0.0 % 0.1% -0.4 % -0.9 % -0.7 % -0.6 % 0.2% -1.3 % 2.7% 4.2 % 3.0% MEA 0.0 % 0.7 % -1.0 % -2.5% -2.1 % -2.1% 1.8 % -7.9% 5.2% 6.2% 4.2 % MED 0.1% 0.1% -0.7% -3.1% -3.4 % -3.2 % 3.0% -12.3 % 9.0% 4.5 % 2.7% NAM 0.0 % 0.0 % 0.0 % 1.0 % 1.1% 1.1 % 0.0 % -2.1 % 6.8% 5.7 % 5.2% NE -1.7% -2.5% -2.7% -4.9 % -4.5 % -4.2% 0.7% -1.4 % 0.3% 3.1 % 2.0% SAM 0.0 % 0.1 % 0.0 % 0.0 % 1.0 % 1.0% -2.4 % -15.1 % 10.0 % 5.6% 3.5% UK 0.0 % 0.0 % 0.0 % -0.2% 1.9 % 2.6% 2.0% -14.0 % 13.8 % 5.8 % 2.3% Total 0.0 % -0.1 % -0.3% -0.2% 0.0 % 0.1% 1.7 % -4.6 % 6.8% 5.4 % 4.2% CARGOTEC Source: Oxford Economics construction output, September 2021 Investor presentation November 2021 91#92Heavy commercial truck sales bounce back during 2021E - semiconductor supply shortage potentially impacting outlook in 2022E Heavy truck sales in key markets 2016A-2025E (units, k) 500 450 27% 30% 22% 10% 7% 400 9% 350 2% 300 8% 6% 250 200 150 -22% -18% 30% 20% -20% Outlook for heavy truck sales in 2021 increased compared with the previous assumptions Double-digit growth in the European truck market in the first half of 2021, however compared with historic low volumes reached in the corresponding period of 2020 • Truck demand continues its V-shaped bounce in Americas with forecasts revised upward again for the US reflecting improved economic outlooks and additional stimulus and strength in building. Demand likely to return to more balanced state during 2022 & 2023 7% 10% 1% 4% 0% 1% 2% 0% -10% -19% 100 -30% 2016A 2017A 2018A 2019A 2020A 2021E 2022E 2023E 2024E 2025E AMER EMEA y/y %-change (AMER) y/y %-change (EMEA) Chip shortage might push '21/22 sales to the right CARGOTEC Note: Heavy trucks including GVW rating of >15T heavy trucks. Investor presentation November 2021 92 Source: IHS Markit Medium Heavy Commercial Vehicle Industry Forecast Q3/2021#93MacGregor appendix CARGOTEC Investor presentation 93#94Merchant ships: Forecast by shiptype (no of ships) 2,500 2,000 historical avg 1996-2020: 1746 vessels 1,500 1,000 500 2,500 2,000 1,500 1,000 500 0 Contracting history and forecast September 2021 No. of ships, Merchant ship types> 2000 gt, excl ofs and misc 2,500 2,000 historical avg 1996-2020: 1570 vessels 1,500 1,000 500 0 Deliveries history and forecast September 2021 No. of ships, Merchant ship types> 2000 gt, excl ofs and misc Avg. 96-20 2017 Tanker Container Cruise 222 LNG/LPG MPP/GC Mar 2021 fcst Contracting forecast upgraded from March 2021 Ship Nos 1. Support from container ordering boom 2. After easing hack in 2022. ordering increases again in 2023- 24, with support from growing replacement demand following Implementation of environmental regulations, e.g. EEXI, CII etc. 3. Ordering continues to increase with support from accelerated fleet renewal and steady demand growth. Slightly softer expectations than six months ago in mid-2020s partly reflects Impact of higher short-term ordering especially in container sector Bulker RoRo/PCC Sep 2020 fest -Contracts September 2021 ---Contracts March 2021 4. Ordering rises further towards end of forecast period driven by continuing accelerated fleet renewal, with support from: The fleet age profile as tonnage delivered in the late 2000s/early 2010s boom starts to be recycled Potential for increased consensus over fuelling and technology choices to have emerged Avg. 96-20 2017 2018 Tanker 2019 OLNG/LPG Bulker Container MPP/GC RoRo/PCC Cruise 870Z 2029 2021 full year contracting upgraded to 1505, up ~600 vessels compared to the forecast a year ago; easing back to ~1300 ships in 2022 due to higher newbuild prices, yard slot availability limited to 2024 and slowing container ship ordering. Biggest upgrades in container ships, car carriers and bulkers. A dip in deliveries in short-term, increasing again 2023 - 2024 following recent ordering boom. In longer term deliveries expected to increase further due to accelerated fleet renewal. 2030 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CARGOTEC 2029 2030 2031 Source: Clarkson Research, September 2021 Investor presentation November 2021 94#95☑ Offshore mobile units: Forecast by shiptype (no of ships) 600 500 400 300 200 100 120 100 80 60 40 20 0 historical avg 2010-2020 401 units Avg. 2010-2020 historical avg 2010-2020 49 units OTOZ Survey Logistics Utility Support Contracting history and forecast, September 2021 No. of units, Mobile offshore units Mobile drilling Construction AHTS PSV 1 Mobile production Rescue & Salvage Mar 2021 fest Sep 2020 fest Contracting history and forecast, September 2021 No. of units, Offshore wind farm vessels (Gradual Transition: offshore wind reaching 226 GW in 2030) Wind turbine installation Service operation Crew transfer ......Rapid Decarbonisation (279 GW in 2030) Source: Clarkson Research, September 2021 600 historical avg 2010-2020 500 460 units 400 300 200 100 0 2010-2020 2018 Deliveries history and forecast, September 2021 No. of units, Mobile offshore units Survey Mobile drilling Construction Mobile production Logistics AHTS PSV Rescue & Salvage Utility Support Newbuild demand for vessels servicing the offshore wind industry remains firm. Otherwise the short-term contracting outlook for offshore oil & gas related assets remains weak, excluding FPSO, despite improvement in offshore charter markets in 2021. Offshore wind sector has generated newbuilding demand also for a wider range of construction vessel sectors; 52% of orders in 2021 have been wind-related. Delivery levels expected to remain weak due to low contracting levels earlier. Investor presentation November 2021 95#96Newbuild contracting currently dominated by China and Korea, TOP3 shipbuilding countries building positions in technology race ■ Korea introduced 'K-Ship' program designed to build and maintain the country's leadership as the shipbuilder of premium ships. The Ministry of Trade, Industry and Energy reports that first half 2021 Korea's shipbuilders received 63% of the orders for premium ships and 66% of the orders for eco-friendly ships. The target is 75% of the market for eco-friendly ships and a 50% share in autonomous vessels by 2030. ■In China, technologically advanced ships are among the country's industrial priorities, building on national demand and supply, the strongest long-term ambitions being "smart" ships. ■Japan shipbuilding industry accelerating the development of autonomous ships with target to introduce autonomous vessels by 2025 and by 2040 to replace half of the Japanese coastal ships with crewless vessels. In 2028 Japan will introduce the first generation of emission-free ships. Global Contracting Activity (1st October 2021) No. Sbn 2019 2020 2021ytd %y-o-y 2019 TOTAL (2,000 DwUGT") 1,309 980 1,260 71% 81.2 2020 2021ytd %y-o-y 50.7 85.9 126% 2019 m. CGT 2020 2021ytd %y-o-y* Builder country split YTD 1st Oct 2021 3% 3% 2% 2% 30.7 23.7 37.7 112% Vessel Type 44% 49% Bulkers 385 317 287 21% 11.3 8.4 9.9 58% 7.5 5.6 5.9 39% 54% Tankers 293 239 195 9% 12.3 11.3 8.8 4% 6.6 5.8 4.7 8% Containerships 123 120 470 422% 6.6 8.0 37.6 526% 3.6 4.3 17.5 440% Gas Carriers 125 103 143 85% 14.1 13.9 15.2 45% 5.8 5.3 6.3 59% Offshore 95 65 34 -30% 8.4 4.6 7.4 111% 1.3 1.2 0.8 -13% 43% 39% Others 288 136 131 28% 28.4 4.5 7.0 109% 5.9 1.4 2.4 136% 27% Builder Country/Region China 556 469 685 South Korea 232 193 Japan 292 190 Europe 119 57 (༔ཤྩ 95% 22.7 17.9 38.1 183% 10.7 9.8 18.5 152% 12% 8% 9% 343 137% 22.8 19.4 36.6 151% 9.9 8.6 14.6 125% 1260 Value CGT 153 7% 9.2 5.0 7.0 89% 5.2 3.0 3.4 51% $85.9bn 37.7m 43 1% 22.7 6.4 2.6 -47% 3.6 1.3 0.7 -34% Japan Korea China Europe Others Other 110 71 36 -32% 3.7 2.0 1.6 8% 1.2 0.9 0.6 -16% CARGOTEC Source: Clarkson Research, October 2021 & market news Investor presentation November 2021 96#97Shipbuilding capacity and utilisation scenario Capacity projected to reach low in 2022 before uptick in line with delivery volumes 70 m CGT China Japan South Korea Europe 60 Other 50 50 40 40 30 20 10 % Utilisation (RHS) 100% I More rapid uptick expected in delivery volumes (with delivery peak in 2024) and shipyard utilisation compared to March 2021 scenario. Utilisation projected to be slightly lower across 2025-26 as shipyard capacity levels off. 95% 90% 85% 80% 75% 70% 65% 0 60% 2013 2014 2015 2016 2017 2018 2019 2020 2021P 2022P 2023P 2024P 2025P 2026P CARGOTEC Source: Clarkson Research, March 2021 Investor presentation November 2021 97#98Shipping - The world fleet Total world fleet (>100 gt) comprises currently over 100 000 ships World Fleet as at September 2021, million GT Crude Tankers World Fleet as at September 2021, No. Vessels Product Tankers Chemical Tankers 229.1 115.8 31.0 Crude Tankers Product Tankers Chemical Tankers 2,208 9,304 3,983 Spec. Tankers 0.8 Combos 0.7 Bulkcarriers LPG Carriers Spec. Tankers 424 Bulkcarriers 12,592 516.7 Combos 12 LNG Carriers Containerships 24.7 68.9 260.1 LPG Carriers LNG Carriers Containerships 1,514 664 5,540 Multi-Purpose Vessels 21.5 General Cargo 28.0 Ro-Ro 13.2 Car Carriers 37.7 Reefers Offshore 4.4 1.5bn GT 2.2bn dwt 60.0 Dredgers 5.1 Tugs 5.9 Cruise 25.1 Ferries 21.5 Multi-Purpose Vessels 3,166 General Cargo 15,769 Ro-Ro 829 Car Carriers 761 Reefers 101,719 ships 1,458 Offshore 8,957 Dredgers 2,082 Tugs 20,977 Other Non Cargo 2.8 Cruise Ferries Other Non Cargo 468 8,304 2,707 0 0 100 200 300 400 500 600 5,000 10,000 15,000 20,000 25,000 CARGOTEC Source: Clarkson Research, March 2021 Investor presentation November 2021 98#99CARGOTEC Development of World Fleet, million GT 1,600 Fleet, end year Fleet Growth % 1,400 1,200 1,000 800 600 400 200 1989 World fleet 75% larger than 2008 35% more cargo being moved than 2008 World fleet and order book development World fleet growth slow; orderbook at just 8% of the fleet Orderbook as % of fleet - lowest for 20 years 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011- 2013 2015 2017 2019 2021f Source: Clarkson Research, September 2021 10% 80% 9% 70% 8% 60% 7% 6% 50% 5% 40% 4% 3% 30% 2% 20% 1% 2021 (f): 3.1% 10% 2022 (f): 1.9% 0% -1% 0% 2005 2006 2007 2008 2009 Global Fleet, GT Containerships (TEU) Chemical Tankers (Dwt) LPG Carriers (Cu. M.) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Dry Bulk (Dwt) Deep Sea Tankers (Dwt) LNG Carriers (No. of Vessels) Investor presentation November 2021 99 2020 2021 Sep-21#100Global offshore wind market is in rapid growth Offshore wind related capex exceeding oil & gas by 20224 Growth drivers . Increasing electricity usage Demand for sustainable energy Affordable Economic stimulus MacGregor focuses on installation and service vessels and is involved in floating solutions Addressable market size in 2021-2030 cumulatively a few billion EUR Global offshore wind installations GWh 40 30 CAGR² 20 29.3% 20 10 CAGR³ 12.7% 30% A10 20% 0 A10 10% CARGOTEC 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 North America Floating, % of total Europe 2) 723 1) 3) Other GWEC Market Intelligence, September 2021 Compound Annual Growth Rate 2020-2025 Compound Annual Growth Rate 2026-2030 China Asia ex China 0% MACGREGOR#101Blue Growth, aquaculture and offshore wind energy offer us new interesting growth opportunities L Seaborne logistics Marine bio- technology Marine and seabed mining Tourism Fishing Aquaculture वी 4 Offshore oil and gas Offshore wind energy Ocean renewable energy Traditional Core New Growth New Growth New Growth New Growth New Growth Traditional Core New Growth New Growth Investor presentation November 2021 101#102CARGOTEC#103For more information, call us or visit our IR-page Next upcoming IR events 3 February 2022 Week 8, 2022 17 March 2022 Financial statements release 2021 Annual Report 2021 AGM 2022 Investor relations contact information Meeting requests: Heidi Gustafsson, Executive Assistant Tel. +35850 570 2082, [email protected] IR Team Aki Vesikallio Director, Investor Relations Tel. +358 40 729 1670 Martti Henttunen Senior Manager, Communications and IR Tel. +358 40 570 1878 CARGOTEC